Shrem Pleads Not Guilty to Money Laundering Charges

The trial of former Bitcoin Foundation vice chairman Charlie Shrem is now set to begin this September.

AccessTimeIconApr 29, 2014 at 8:11 p.m. UTC
Updated Sep 11, 2021 at 10:43 a.m. UTC

Former Bitcoin Foundation vice chairman and bitcoin entrepreneur Charlie Shrem has pleaded not guilty to money laundering charges in Manhattan federal court.

The presiding judge has set 22nd September as the date the trial will commence, according to Bloomberg. Shrem’s plea was submitted on his behalf by his lawyer.

Shrem, 24, was indicted earlier this month by federal prosecutors, who allege that he had facilitated bitcoin payments processing on the now-defunct Silk Road online black marketplace beginning in 2011.

The case had previously been postponed in early April after prosecutors asked for more time to craft a plea deal.

At the time, the case was delayed until 28th April. Shrem was officially indicted on 10th April.

According to official court documents, the bitcoin evangelist and former CEO of BitInstant conspired with Florida resident Robert Faiella to launder money for global drug networks on Silk Road.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
NFT Platforms Should Be Caught by EU Money-Laundering Overhaul, Lawmakers Say

Unhosted wallets and decentralized finance were left largely unscathed by two landmark crypto laws agreed to last week, but left-wing lawmakers may seek another go as they discuss dirty-money rules.

CoinDesk - Unknown
2
CoinDesk - Unknown
Bitcoin se recupera y supera los $19K; Nomura advierte de una recesión en EE. UU. y Reino Unido

Nomura escribió acerca de una recesión en la eurozona, el Reino Unido y Asia Pacífico, lo que podría influir en los precios de las criptomonedas.

CoinDesk - Unknown
3
CoinDesk - Unknown
Argentinos se refugian en stablecoins durante el fin de semana tras dimisión del ministro de Economía

Los principales exchanges del país informaron que los usuarios compraron hasta tres veces más criptomonedas estables que durante un fin de semana normal, en medio una crisis económica en ciernes.

CoinDesk - Unknown
4
CoinDesk - Unknown
Polkadot Builder Parity Technologies Adds 3 Execs to Leadership Team

The new executives joining Parity are Eran Barak (COO), Peter Ruchatz (CMO) and Fahmi Syed (CFO)

CoinDesk - Unknown